Bank Nifty forms DOJI near gann support zone,EOD Analysis

As discussed in last analysisClosing below 19000 which is gann angle support as shown in below chart bank nifty can move towards 18800/18612. Bullish only on close above 19300. Bank Nifty High today was 19328 but unable to sustain above 19300 and saw big fall and did the target of 19000 below 19180 and in the process held on to gann angles. Holding the low of 19000 and close above 19140 on hourly basis bank nifty can stage rally towards 19360/19500/19650. Bearish only on close below 19000 for a move towards 18750/18500. How to Keep Your Cool When Trading

Bank Nifty Nov Future Open Interest Volume is at 24.1 lakh with liquidation of 0.05 lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty continued to trade below rollover price @19750 and corrected 400 points.